The benchmark responsible for the level of confidence that miners have in the Bitcoin network has been seen to reach its all-time high on Thursday. The hash rate which usually shows the processing power of the Bitcoin network hit a peak of almost 103 trillion ‘tera’ hashes per second. This simply implies that a lot … Continue reading Bitcoin Hash Rate Reaches Peak Amidst Price Fluctuations
Mati Greenspan, founder of Quantum Economics believes the coronavirus pandemic has brought Bitcoin closer to the S&P 500 than ever before. During his presentation at Virtual Blockchain Week, crypto analyst Mati Greenspan explained that Bitcoin and legacy assets are increasing in correlation due to COVID-19. Greenspan incidentally also received high praise for his ability to … Continue reading Bitcoin's Correlation with S&P 500 at a Nine Year Peak, says Quantum Economics Founder Mati Greenspan
Bitcoin’s price suffered a slight correction in the past 24 hours, possibly dragging the prices of the large-cap altcoins along with it. However, the world’s largest cryptocurrency managed to find stability, and has recovered slightly. Bitcoin’s price is trading at $22,998 at press time, slightly below $23,000. Bitcoin’s dominance has reached a new high, and … Continue reading Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off
Bitcoin has been on a tear late in the last quarter of 2020, reaching a new all-time high above $28,000 on Sunday, but according to one institutional trader’s analysis—BTC price could peak out early in 2021, providing a prime opportunity to buy the dip. The Bitcoin price is currently at $26,774.36 down is up by … Continue reading Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report
The largest mainstream cryptocurrency Bitcoin continues another round of sell-off after a roller-coaster week trading. On Sunday, Bitcoin’s biggest drop reached to 18% and fell to the lowest $31,111. This price was almost half of the $64,854 Bitcoin hit its All-Time High (ATH) on April 14 this year. Following a series of tweets last week by billionaire … Continue reading Bitcoin Drops Down Nearly 50% from its Peak-Where is the Key Support Level?
The Vice-Chair of the European Securities and Markets Authority (ESMA), Erik Thedéen, has taken an unpopular stance against the use of renewable energy for all Proof-of-Work (PoW) mining operations. In an interview with the Financial Times, Thedéen said the use of renewable energy can derail member nations from focusing on the climate change goals set … Continue reading EU Market Watchdog Speaks Against Renewable Energy Mining for PoW
While many may consider the unwavering support from Bitcoin “Maximalists” like MicroStrategy’s Michael Saylor and Block Inc’s Jack Dorsey, Ripple CEO Brad Garlinghouse believes the culture of “Tribalism” in which some people support one digital asset only is dragging the growth of the cryptocurrency industry. “Polarization isn’t healthy in my judgement,” Garlinghouse said, speaking in an interview … Continue reading Ripple CEO Brad Garlingouse Speaks Against Bitcoin 'Tribalism'
Toronto, Ontario, 14th July, 2022, Chainwire ETHToronto, the official Hackathon of the Blockchain Futurist Conference, is coming to Toronto on August 8-10, 2022 as part of an event that will be graced by Canada’s brightest crypto mind, Vitalik Buterin. A new addition to the fourth annual Blockchain Futurist Conference, Canada’s largest blockchain and cryptocurrency event of … Continue reading Vitalik Buterin Is Named Headline Speaker at ETHToronto 2022
During an interview with Bloomberg, Su Zhu, and Kyle Davies, the co-founders of Three Arrows Capital (3AC), the troubled hedge fund broke silence on the happenings that they have experienced in the past few weeks. This was after released court papers claimed that the duo were nowhere to be found and are refusing to cooperate … Continue reading Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC
To propel blockchain adoption and financial accessibility on African soil, crypto exchange Binance has launched a crypto education tour in five French-speaking countries. Having kickstarted the first meetup in Cotonou, Benin, on September 10, the tour will be extended to four more countries, namely Togo, Côte D’Ivoire, Cameroon, and Burkina Faso, between September 24 and … Continue reading Binance Rolls Out Crypto Education Tour in 5 French-Speaking African Nations